The Hindu Business Line : Tuesday, June 27, 2006

ECONOMY
Economy to grow at 8 pc: CII
The CII has predicted that the economy will grow at eight per cent in the current fiscal, marginally lower than 8.4 per cent recorded in the last fiscal. The chamber has attributed the lower expectation of the GDP growth to hardening of ... More

Govt forms panel on `financial inclusion'
The Government has constituted a 10-member committee under the chairmanship of Dr C. Rangarajan, Chairman of the Prime Minister's Economic Advisory Council, to prepare a strategy of `financial inclusion.' The committee has been asked to submit ... More

HEALTH
Anti-radiation products from Cogent EMR
Here's some good news for those who think that mobile phones emit harmful radiation. Cogent EMR Solutions today launched a range of products aimed at containing and removing the radiation. "Electromagnetic radiation is a great cause for ... More

Incidence of heart disease, diabetes on the rise in Kerala
The prevalence of heart diseases and diabetes is on the increase in Kerala when compared to that in other parts of the country, according to medical experts. A comparison of Kerala's health profile with some other States revealed that the ... More

Anti-drugs march
PEOPLE PARTICIPATE in an anti-drugs march in Hyderabad on Monday. The march was organised by the Commissioner of Youth Services and the Anti-Narcotics Force from Kasu Bramanananda Reddy Park to Yousufguda on Monday, on the occasion of the ... More

Health cover for SBM account holders
National Insurance Company and State Bank of Mysore have jointly decided to provide health insurance for all account holders. Briefing newspersons on Monday, Chairman and Managing Director, National Insurance Company Ltd, Mr V. ... More

PETROLEUM
TN CM dedicates 683-km-long petroproduct pipeline to nation
IndianOil to save Rs 59 cr a year in transportation costs More

OIDB puts on hold plan to offer working capital loans
Under-recovery issue recently addressed More

Energy audit key to earn wealth through CDM projects
Official sees enormous scope for West Bengal in carbon trading More

NRL finalises report for expansion
Numaligarh Refineries Ltd (NRL), a BPCL subsidiary, has finalised the detailed feasibility report (DFR) for capacity expansion up to 4.5 million tonne. The report is prepared by Engineers India Ltd (EIL). NRL is also exploring ... More

STEEL
Steel prices will stabilise, say experts
`Arcelor-Mittal merger will impact Europe, US markets' More

TAXATION
GST can be introduced in 2010: Lahiri
`Speedy integration of services with commodities taxation important' More

Shipping cos' hearing posted for July 3
Payment of service tax retrospectively from August 2002 to March 2006 More

BREWERIES
Maharashtra keen to train farmers in wine-making
MIDC signs MoU with major Italian wine agencies More

RADIO/TV
Zee Turner switches off OCN channels
Zee Turner Ltd has said that it has switched off its bouquets of 26 channels on OCN Network in Mangalore due to non-payment of huge outstanding to the company and non-signing of fresh agreement after expiry of the earlier one. A press release ... More

EDUCATION
Schools to have veg gardens in Kerala
Aimed at cultivating interest in agriculture among school children, Vegetable and Fruits Promotion Council of Kerala (VFPCK) has proposed to develop vegetable gardens in 1,000 schools as part of its `agri@school' programme. The concept `A ... More

`Need for courses in geophysics, petroleum engineering'
The Secretary, Ministry of Petroleum and Natural Gas, Mr M.S. Srinivasan, on Monday pointed to an emerging shortage of oil industry professionals and called upon educational institutions to design courses in geophysics and petroleum engineering. ... More

GoM to study AP school education system
Bid to improve quality of education in State More

HCV/LCV/TRACTORS
Volvo to increase sourcing from India by 40 pc
Launches two truck models FH and FM More

GEMS & JEWELLERY
BoI loan scheme for goldsmiths
Bank of India has launched a new scheme for providing loan in the form of gold directly to jewellery manufacturers. BoI, which is one of the banks nominated for importing of gold, will use the facility for providing the gold, said a press ... More

MEDICAL INSTITUTIONS & HOSPITALS
Eye care centre in Bhubaneshwar
The President, Mr A.P.J. Abdul Kalam, will inaugurate the Bhubaneshwar centre of the Hyderabad-based L.V. Prasad Eye Institute (LVPEI) on July 3. The institute is also opening another tertiary eye care centre in Visakhapatnam on ... More

REAL ESTATE & CONSTRUCTION
SEBI unveils norms for real estate MFs
Listing mandatory; NAVs on daily basis More

Ansal to invest Rs 2,000 cr in residential townships
Real estate company Ansal Housing and Construction Ltd on Monday said it plans to invest Rs 2,000 crore to construct residential townships branded as Ansal Town, across seven cities. "In the coming quarter, Ansal Housing will be expanding by ... More

MoU for residential township
Srinivasa Shipping & Property Development Ltd has signed an MoU with Spire Realty Hyderabad Retreat Ltd, under the FDI scheme by US-based investors, for developing a residential township of 90 plus acres in Hyderabad. The ... More

READYMADE GARMENTS
AEPC to set up 4 training institutes
With the intention of bringing in investments and creating more jobs, the Apparel Export Promotion Council (AEPC is setting up four Apparel Training & Design Centres (ATDCs) in the next three months. The centres will conduct various training ... More

BIO-TECH & GENETICS
Time for re-assessment of crop bio-technology
`GM cotton has raised yields and reduced pesticide application leading to net gains to farmers and the textile industry.' More

CINEMA
Inox to acquire `89 Cinemas'
Multiplexes major Inox Leisure Ltd has entered into a share-swap deal with Calcutta Cine Pvt Ltd (CCPL) — more popular as 89 Cinemas — for acquisition and merging its operations with Inox Leisure Ltd. CCPL, a joint venture of the ... More

WTO
Kamal Nath to attend WTO mini ministerial
The Union Minister of Commerce and Industry, Mr Kamal Nath, will attend the World Trade Organisation's mini-ministerial meeting in Geneva from June 29 to July 2 . The meeting, in which around 40 to 50 trade ministers of WTO member countries ... More

HUMAN RESOURCES
`Banking, infrastructure top job-providers'
Banking and infrastructure are emerging as major job-providers in the country, according to the India Salary Guide 2006, released by Kelly Services, a staffing solutions firm. In the banking sector, bulk hiring is expected to continue for the ... More

EVENTS
Personality development meet
Better communication skill will help people get ahead in their personal and professionallives, said Ms Minnie Mathew, Chairman, Coconut Development Board, while inaugurating the two-day workshop on Personality development and ... More

INCOME TAX
ICAI suggests changes in fringe benefit tax
Although certain modifications are needed, fringe benefit tax has come to stay and the realisation seems to have dawned on most of the trade bodies in the country, Mr T. N. Manoharan, President of the Institute of Chartered Accountants of India ... More

EXPORTS & IMPORTS
Coonoor tea prices rise on export support
With the expected demand forthcoming from the exporters, buoyancy was witnessed at the auctions of the Coonoor Tea Trade Association (CTTA) here. In general, prices rose Rs 3 a kg, but specific lots saw higher increases even up to Rs 10 over the ... More